KUALA LUMPUR (Sept 25): Roofing and building material products manufacturer and supplier Astino Bhd's (KL:ASTINO) net profit rose 17.8% in the fourth quarter, helped by a higher-margin export sales mix, despite lower revenue.

Net profit for the three months ended July 31, 2026 (4QFY2026) stood at RM12.78 million, from RM10.85 million a year ago, the group's bourse filing on Friday (Sept 25) showed. The group did not declare any dividend during the quarter under review.

Quarterly revenue, however, dropped 9.55% year-on-year (y-o-y) to RM152.69 million from RM168.82 million, mainly due to a decline in local sales. 

For the full year of FY2026, the group posted a net profit of RM49.66 million, a 44.27% increase over RM34.42 million recorded a year ago, despite revenue being flat at RM633.37 million, compared with RM636.93 million during the same period.

Looking ahead, the group said its local steel market has softened amid weaker demand and declining selling prices, and margin pressure may intensify if it persists.

“Demand should nonetheless find support from the ongoing rollout of 13th Malaysia Plan infrastructure projects and continued data centre construction activity, which are expected to help lift local sales volumes,” it said.

On Friday, Astino’s share price closed down one sen or 2.04% to 48 sen, bringing the group a market capitalisation of RM237 million.